2025-04-16T10:00:35-05:00 2024-06-30 221478099 COHNREZNICK LLP 707 WILSHIRE BLVD STE 4950 LOS ANGELES CA 90017 990 2023-07-01 953938955 NEIGHBORHOOD HOUSING SERVICES OF LOS ANGELES COUNTY NEIG 2133812862 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 LORI GAY PRESIDENT & CEO 2133812862 2025-04-16 1 1 JOLANTA TUCK P01340068 3108439700 2025-04-10 2023 2025-03-06 01:10:19Z LORI GAY 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 3209442 0 X WWW.NHSLACOUNTY.ORG X 1997 CA NEIGHBORHOOD HOUSING SERVICES OF LOS ANGELES COUNTY (NHS) MISSION IS TO SERVE AS A CATALYST FOR RESIDENTS, BUSINESS, AND GOVERNMENT REPRESENTATIVES TO WORK TOGETHER TO BUILD STRONGER NEIGHBORHOODS, IMPROVE THE QUALITY OF LIFE FOR LOW-TO-MODERATE INCOME FAMILIES AND TO REVITALIZE COMMUNITIES INTO NEIGHBORHOODS OF CHOICE. NHS STRENGTHENS COMMUNITIES BY DEVELOPING AND MAINTAIN QUALITY AFFORDABLE HOUSING, CREATING AND PRESERVING AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES, SUPPORTING LOCAL LEADERS, PROVIDING FINANCIAL EDUCATION, AND INCREASING THE FINANCIAL INDEPENDENCE OF FAMILIES AND PEOPLE IN NEED. 5 5 48 6 0 0 2314704 2633105 750 0 0 481463 32810 65762 2348264 3180330 0 0 0 0 845543 810214 0 0 69234 712991 50024 1558534 860238 789730 2320092 4429875 6917155 4245003 4412191 184872 2504964 X NEIGHBORHOOD HOUSING SERVICES OF LOS ANGELES COUNTY (NHS) SERVES AS A CATALYST FOR LOCAL RESIDENTS, BUSINESS AND GOVERNMENT REPRESENTATIVES TO WORK TOGETHER TO BUILD STRONGER NEIGHBORHOODS, IMPROVE THE QUALITY OF LIFE FOR FAMILIES OF MODEST MEANS AND TO REVITALIZE COMMUNITIES INTO NEIGHBORHOODS OF CHOICE. NHS STRENGTHENS COMMUNITIES THROUGH THE DEVELOPMENT AND MAINTENANCE OF QUALITY AFFORDABLE HOUSING, CREATION AND PRESERVATION OF AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES AND HOUSING, SUPPORT OF LOCAL LEADERS, PROVIDING FINANCIAL EDUCATION AND HOUSING COUNSELING, AND INCREASING THE FINANCIAL INDEPENDENCE OF FAMILIES AND PEOPLE IN NEED. 0 0 761540 NEIGHBORHOOD HOUSING SERVICES OF LOS ANGELES COUNTY (NHS) CONTINUES ITS COMMITMENT TO STRENGTHEN MODEST INCOME COMMUNITIES THROUGH THE PROMOTION AND DEVELOPMENT OF AFFORDABLE AND SUSTAINABLE HOMEOWNERSHIP OPPORTUNITIES. FOR THE FISCAL YEAR, NHS PROVIDED OVER 7,200 CLIENTS WITH FINANCIAL LITERACY TRAINING AND FINANCIAL COUNSELING. CLIENTS WERE PROVIDED INFORMATION ON HOW TO PURCHASE A HOME, AND TO KEEP THEIR HOME. THEY ALSO RECEIVED HOME REPAIR, ADU AND ESTATE PLANNING COUNSELING TO HELP BETTER PREPARE FOR THEIR FUTURE. NHS ASSISTED 246 FAMILIES TO RECEIVE AFFORDABLE LOANS, ORIGINATING MORE THAN $88.5 MILLION IN AFFORDABLE LOANS, WHILE PROTECTING MORE THAN $2 BILLION IN NEIGHBORHOOD PROPERTY VALUES. 761540 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 82 0 1 48 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JAMES PRICE CONTROLLER 2133812862 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 GLORIA TANG SECRETARY/TREASURER 1.00 2.00 X X 0 0 0 RIGOBERTO REYES BOARD MEMBER 1.00 2.00 X 0 0 0 RON TURNER VICE CHAIRPERSON (AS OF 02/01/24) 1.00 2.00 X X 0 0 0 SAL MENDOZA OUTGOING CHAIRMAN 1.00 2.00 X X 0 0 0 STEVE HERMAN CHAIRMAN (AS OF 2/1/24) 1.00 2.00 X X 0 0 0 ZEEDA DANIELE BOARD MEMBER 1.00 2.00 X 0 0 0 JAMES PRICE CONTROLLER & CFO 16.00 24.00 X 136796 0 24703 LORI GAY PRESIDENT & CEO 14.00 26.00 X 414941 0 36506 CONSTANCE ANDERSON SENIOR VP & CHIEF DEVELOPMENT OFFICER 12.00 28.00 X 151196 0 10353 JUANITA JIMENEZ OPERATIONS MANAGER 16.00 24.00 X 124326 0 11850 KIMBERLEY WOODS AVP & SENIOR PROGRAM DIREC 14.00 26.00 X 131603 0 10971 RHONDA MCMILLAN VP & CCAO 8.00 32.00 X 161815 0 10092 1120677 0 104475 6 0 1 0 0 50000 2583105 2633105 481463 481463 94874 29112 65762 65762 65762 3180330 0 0 547225 657315 559395 68544 29376 101298 86208 10563 4527 51601 43914 5381 2306 57545 48974 6001 2570 31806 31806 262764 247809 14955 110932 93992 11858 5082 170412 145020 17774 7618 EQUIPMENT RENT AND MAIN 60409 51410 6300 2699 -643844 -546988 -96957 101 860238 761540 29464 69234 42730 813386 322918 417785 304224 7300 26856 44846 4782789 1312279 3567630 3470510 165517 2163328 4429875 6917155 718540 965551 10424 8735 2787345 3398456 728694 39449 4245003 4412191 X 156688 1823236 28184 681728 184872 2504964 4429875 6917155 2320092 0 X 0 1 X 1 0 X 2323250 3115721 3175342 2314704 2633105 13562122 2323250 3115721 3175342 2314704 2633105 13562122 114598 13447524 62893 68764 576337 707994 14270116 94661 0.94240 0.99000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1259644 1259644 3139484 946348 2193136 380761 365931 14830 2900 2900 3470510 DUE FROM RELATED PARTY 2163328 2163328 X 11949507 8740065 8740065 3209442 -29112 -29112 3180330 9355659 8495421 8495421 860238 0 860238 PART IV, LINE 2B: THE ORGANIZATION ACTS AS A TRUSTEE TO MANAGE FUNDS RECEIVED FOR ALL CLIENT REHAB PROJECTS. FUNDING SOURCES MAYBE PRIVATE FUNDS, GOVERNMENT, AND OTHER LOANS. THE ORGANIZATION RECORDS THE TOTAL FUNDS HELD AS A RESTRICTED CASH WITH AN OFFSETTING LIABILITY AS STATED ON THE BALANCE SHEET. PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS WELL AS SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE OF THE STATE OF CALIFORNIA AND, GENERALLY, IS SUBJECT TO STATE AND FEDERAL INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSE FOR WHICH THE ORGANIZATION WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED FROM ANY UNRELATED TRADE OR BUSINESS. IN THE OPINION OF MANAGEMENT, UNRELATED BUSINESS INCOME, IF ANY, IS NOT MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS TAKEN AS A WHOLE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2024. THE FEDERAL INFORMATIONAL TAX RETURNS OF THE ORGANIZATION FOR TAX YEARS ENDED JUNE 30, 2021, AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE RETURNS FOR CALIFORNIA, THE ONLY STATE TAX JURISDICTION, REMAIN SUBJECT TO EXAMINATION BY THE CALIFORNIA FRANCHISE TAX BOARD FOR TAX YEARS ENDED JUNE 30, 2020, AND SUBSEQUENT. THE ORGANIZATION CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION REVENUES 8,740,065. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -29,112. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSES 8,466,309. RENTAL EXPENSE 29,112. X X 0 0 0 0 0 0 0 1 0 LORI GAY PRESIDENT & CEO 289941 0 125000 0 0 0 13200 0 23306 0 451447 0 0 0 RHONDA MCMILLAN VP & CCAO 151815 0 10000 0 0 0 6360 0 3732 0 171907 0 0 0 CONSTANCE ANDERSON SENIOR VP & CHIEF DEVELOPMENT OFFICE 148696 0 2500 0 0 0 0 0 10353 0 161549 0 0 0 JAMES PRICE CONTROLLER & CFO 126796 0 10000 0 0 0 0 0 24703 0 161499 0 0 0 PART I, LINE 7 INCLUDED IN PART II, COLUMN B(II) ARE AMOUNTS REPRESENTING BONUS PAYMENTS. THESE AMOUNTS WERE APPROVED BY THE BOARD AND INCLUDED IN THE INDIVIDUAL'S W-2'S. FORM 990, PART VI, SECTION B, LINE 11B NEIGHBORHOOD HOUSING SERVICES OF LOS ANGELES COUNTY'S OUTSIDE CPA FIRM AND THE CONTROLLER/CFO PREPARE THE FORM 990. THE FORM IS REVIEWED AND APPROVED BY THE ORGANIZATION'S PRESIDENT/CEO. THE COMPLETE FORM 990 IS PROVIDED TO AND REVIEWED WITH THE ENTIRE GOVERNING BODY PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS RENEWED ANNUALLY EVERY SECOND QUARTER OF THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 NEIGHBORHOOD HOUSING SERVICES OF LOS ANGELES COUNTY'S BOARD OF DIRECTORS HAS A PROCESS FOR REVIEWING AND APPROVING THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER AND OTHER OFFICERS ON A REGULAR BASIS TO DETERMINE IT IS FAIR AND REASONABLE WITH THE GOAL OF RETAINING EMPLOYEES AT COMPENSATION LEVELS WITHIN APPROPRIATE MARKET RANGE. THE PROCESS FOR DETERMINING THE COMPENSATION PAID TO THE CEO & OTHER OFFICERS INCLUDES THE APPROVAL OF THE COMPENSATION ARRANGEMENT IN ADVANCE, BY THE BOARD OF DIRECTORS, WITH ALL PERSONS WITH A CONFLICT-OF-INTEREST ABSTAINING FROM THE BOARD'S DELIBERATION AND DISCUSSION. THE BOARD REVIEWS DATA OF COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED NONPROFIT EXECUTIVES AT SIMILARLY SITUATED ENTITIES. THE DOCUMENTATION OF THE BOARD INCLUDES THE TERMS OF THE TRANSACTION AND THE DATE OF APPROVAL, THE MEMBERS WHO WERE PRESENT DURING THE DEBATE AND VOTE ON THE TRANSACTION, A DESCRIPTION OF THE COMPARABLE DATA AND HOW IT WAS OBTAINED, AND DOCUMENTATION OF THE BASIS FOR THE DETERMINATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. HOWEVER, CURRENT TAX LAW DOES NOT REQUIRE GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS BE PROVIDED TO THE PUBLIC. NHS NEIHBORHOOD LENDING SERVICES INC 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 954646850 REDEVELOPMENT CA 501(C)(3) LINE 10 0 NHS NEIHBORHOOD REDEVELOPMENT CORP 3926 WILSHIRE BLVD 200 LOS ANGELES CA 90010 954646848 LENDING CA 501(C)(3) LINE 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0